Japanese cloud-based accounting startup Freee raises $8M



See the original story in Japanese.

Tokyo-based Freee, the operator of a cloud-based accounting solution of the same name, has raised $8 million from two venture capital firms, including DCM and Infinity Venture Partners. This is according to a Nikkei reported earlier this morning.

Prior to this funding, the company secured a $500,000 in seed round funding from DCM back in March of last year, and a $2.7 million series A round of funding from DCM and Infinity Venture Partners back in July. The total amount of funding to date has reached $11.2 million since the company’s launch back in July of 2012. For more information about the company, check out our brief interview below with their execs from back in October.

In this space, their competitor Money Forward also raised $5 million from Jafco back in October.